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Challenger Ltd (ASX: CGF) is Australia’s largest provider of ‘annuities’, which are financial products typically sold to retirees who seek reliable income. Challenger was established in the mid-80’s and listed on the ASX in 1987. In 2018, Challenger managed more than $90 billion between its investment portfolio, which is the sum of the money invested by retirees who buy annuities, and its fund management business.
Shares of Blackmores Limited (ASX:BKL), Retail Food Group Limited (ASX:RFG) and Challenger Ltd (ASX:CGF) have fallen significantly for a variety of different reasons in recent times.
The majority of analysts seem to agree that the RBA will once again cut the official cash rate when they meet next Tuesday. Below I suggest 3 ASX shares that offer an alternative to cash.
With the RBA cash rate at an all time low and looking very likely to go lower still, I take a look at 3 ASX shares that may prove a better alternative to your term deposit.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.25% at lunch.
The Challenger Ltd (ASX:CGF) share price bounced after the company released its full-year results in-line with previous guidance. Is Challenger a cheap stock?
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 1.22% on Monday.
With much of the attention focused on the big banks and our mining giants, these are 2 mid cap ASX shares that might be underappreciated by the market.
The share price of Netwealth Group Ltd (ASX:NWL) will be on watch today after revealing it had a record year in FY19.
With an ageing population and the risk of outliving our savings in retirement Challenger Limited (ASX: CGF) has a compelling product offering well suited to the current environment.
